South Korea's Hanon to buy Magna's electronics unit for $1.23 billionSept. 20
About 4,200 Magna employees at 10 operations in North America, Europe and Asia will transition to Hanon Systems in one of the biggest acquisitions of an overseas car parts unit by a South Korean company.
Hyundai Motor promotes heir Euisun Chung as succession loomsSept. 14
South Korea to ban 20,000 BMWs following engine firesAug. 14
Hyundai's union signals softening as existential threats loomJuly 27
South Korea trade body asks for exemption from U.S. auto tariffsJune 28
Hyundai considers contract manufacturing to cut costsJune 4
Hyundai overhaul plan gets more oppositionMay 15
GM Korea expects to turn profit in 2019, plans 2 new vehiclesMay 11
General Motors' South Korean unit reiterated on Friday that it should return to profitability by 2019 and that it will invest $2.8 billion in a new, small SUV as well as a crossover for the local market and for export.
GM Korea rescue calls for stake lock-in, regional HQMay 10
S. Korea says deal to ensure GM will stay in country for at least 10 yearsMay 9
South Korea said that an impending deal with General Motors to refinance its local unit will ensure the automaker remains in the country for at least 10 years, as its rights to sell shares and assets will be curtailed.
GM to provide loans to Korean unit, government bank to receive shares, reports sayMay 2
General Motors' planned cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank will receive preference shares for its $750 million investment in GM Korea, two sources familiar with the matter said told Reuters.